NIT League: European shippers more concerned about P3

The U.S. Federal Maritime Commission is expected to take a hard look at the proposed P3 vessel-sharing agreement between Maersk, CMA CGM and Mediterranean Shipping Co., but regulatory scrutiny is much more likely to come from the Europe, according to Bruce Carlton, president and chief executive officer of the National Industrial Transportation League. The agreement was filed with the FMC on Oct. 24 - unless the FMC asks for additional information, it will go into effect in 45 days on Dec. 8. At this point, the NIT League isn’t “adamantly opposed” to the deal because there isn’t enough information out there, Carlton said. Information gathered during the 45 days will bring a few issues to light, but stopp...